Thursday, October 23, 2008

Who needs a stock market anymore?

Argentina nationalizes $30 billion in private pensions

Argentina's government said Tuesday that it would seek to nationalize nearly $30 billion in private pension funds to protect retirees from falling stock and bond prices.

Posted by yoyo1 @ 04:17 PM (569 views)
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2 thoughts on “Who needs a stock market anymore?

  • I suppose the gaming industry would lose out.

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  • I can see this happening on a wider scale especially in countries where public reaction can be volatile and governments are fragile.

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